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Occupy Wall Street

Started by Zero, October 11, 2011, 12:08:04 PM

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Chris8492

#105
Oh boy, here comes Karl Marx's idea of the fall of capitalism. a movement like this isnt gonna stop corperate greed, the only possible way that would happen is a boycott against the corperations, then again, thats not possible because then if one major corperation is boycotted that is a big asset to the economy, we will be digging our own hole by our economic system plummeting. The whole bank bailout situation, that was put together "expecting" the bailout the banks were given would be put back into the economy by spending, NOT saving and stashing it away, that just made it worse. Timothy Geithner had the right idea, but corperations aren't really doing what was expected to be done. That whole bailout originated from one of THE biggest free market opinionated economists in history, Milton Friedman, and some of Geithner's views are based off of him. Friedman hated inflation, and this plan of his was to print money, bailout the banks, causing the bill to inflate, "expecting" them to spend it back into the economy, therefore, a jumpstart then to draw that amount printed back out slowly to deflate the bill. Saving the money just inflated the bill.